What's in store for you
Key Features of NRE Elite Savings Account
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Account Benefits
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Money Maximiser
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Insurance Coverage Benefits
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CashBack Points on Select Debit Card Transactions
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Airport Lounge Access
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Easy Funds Transfer
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Steps to add a Mandate Holder
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Most Important Terms and Conditions
More About NRE Elite Savings Account
Receive a personalised cheque book and Platinum Debit Card.
Take advantage of the free Instant Alerts via SMS and Email, plus email statements facility, offered to all account holders.
Conduct unlimited financial and non-financial transactions at any HDFC Bank ATM across India.
Get waivers on PIS issuance charges and the first-year Demat AMC.
Conduct online transactions via IMPS/NEFT/RTGS at no extra cost.
No need to pay any charges for cheque books.
Click here to open this account through a fully digital process. You can follow this path on the HDFC Bank website to access the form: NRI-> SAVE-> NRI Accounts-> NRI Savings Accounts-> NRE Elite Savings Account.
Alternatively, you can always visit any HDFC Bank branch and open your account in person with the help of our branch representatives. However, digital account opening process helps you save time.
| Benefits | Value |
|---|---|
| Preferential NR conversion rate* (assuming FCY inward remittance of USD 10,000 has been remitted and regular T.T. Buying (Inward rate) considered as 81.45 and NR conversion rate considered as 82.10). |
₹6,500 |
| PIS Issuance Charges on NRE PIS Account. | ₹1,000 |
| One-time Complimentary Pick up of Account opening request from Home country (applicable for Non-face-to-face account openings for customers who have migrated abroad). | ₹3,000 |
| Personal Accidental Death Cover of ₹10 lakh on your Platinum Debit Card*. | ₹1,500 per year |
| Air Accident Cover of ₹3 crore*. | ₹500 per year |
| Waiver on Platinum Debit Card charges for the primary holder. | ₹750 per year |
| Waiver on Platinum Debit Card charges for the secondary holder. | ₹750 per year |
| Get up to 1% Cash-back on purchases with your Platinum Debit Card (assuming spends of ₹6,000 - ₹6,500 every month). |
₹720 per year |
| Domestic Airport Lounge Access - 2 per quarter on Platinum Debit Card (assuming 4 usage per year). | ₹6,000 per year |
| Waiver of service charges (insta alerts) (assuming customer initiates 500 transactions per year where Insta alert via SMS is triggered), |
₹100 per year |
| Waiver of service charges (Cheque book) (assuming customer requires 2 cheque books per year). |
₹100 per year |
| Waiver of service charges (AMC Waiver for 1st year on Demat). | ₹750 per year |
| Waiver of Demand Drafts (assuming DD of ₹1 lakh is issued). | ₹500 per year |
| Total Savings (annually) | ₹22,170 |
| *Certain values mentioned above are arrived based on assumptions of the amount/no of transactions. | |
Click here to know about the fees & charges associated with NRE Elite Savings Account
Frequently Asked Questions
The NRE Elite Savings Account from HDFC Bank is a banking solution designed exclusively for NRIs, offering preferential conversion rates, higher interest rates on idle funds via the money maximiser feature, and free fund transfers between India and other countries. As an accountholder, you can enjoy additional perks, such as a complimentary International Platinum Debit Card, insurance coverage, and access to airport lounges.
You qualify to apply for an NRE Savings Account if you are a Non-Resident Individual of Indian nationality or a Person of Indian origin.